A huge narrative that I have yet to see many mention is BaaS or “Blockchain As A Service”
#MultiversX is positioned to dominate in this sector as well so give me 5 minutes to explain…
First, I’m guessing you have probably heard of SaaS which is ‘Software as a service’
SaaS encompasses the platforms corporations use to improve efficiency and lower cost
We have all used them & maybe you didn’t even know but some of the main platforms are:
Salesforce
Slack
Docusign
Adobe
Intuit
and so many more…
Growing at almost 20% year over year in US
Some estimates say as many as over 100k SaaS companies worldwide
With the top 81 having market caps over $1 billion!
Now how does this have anything to do with crypto and blockchain?
Great question!
Large companies are always looking to lower costs and improve efficiency
Blockchain tech can help with both in MANY ways
Here are just a few examples of how:
1.) Smart contracts can help remove intermediaries and increase efficiency and be trustless
2.) Easy and cheaper payments and invoicing
3.) Improved hiring with secure KYC practices
4.) Better inventory or supply chain management
As well as so many other areas that will help lower costs AND improve efficiency
So it is only a matter of time till most corporations and even governments will be using blockchain technology
Now why is #MultiversX positioned really well to capitalize on this upcoming BaaS narrative?
Because of their Sovereign Shards!
See, many companies won’t be interested in creating their own blockchain
Just like many wont create their own communication tools or customer acquisition software
Instead they use Slack or Salesforce or hundreds of other platforms
Same thing will happen for blockchains and #MultiversX has a leg up on the other solutions
Not only is #MultiversX one of the fastest, cheapest, and most secure chains in crypto
They also offer a solution that blows away anything else in the space
Yes, much better than dapp chains, side chains, subnets, supernets, L2’s, etc. you name it
That is because of the design of their sovereign shards
Similar to subnets, they can be completely customized and private
While offering SO much more
You can read more here but the main difference will be in usability and a simplified experience
twitter.com/dbcrypt0/status/1748353622973579680?s=46&t=OWWPk2bYT63xTNLVjVXe7Q
Complete abstraction of the blockchain is the key & exactly what #MultiversX accomplishes
Unlike other solutions in which you need to manually bridge funds or switch wallets/tools
Or hold specific tokens
Everything is 100% interoperable & composable on sovereign shards
This is exactly how crypto and blockchain needs to operate for mass adoption
As we will never successfully onboard the masses if they need to worry about which chain they are on
Or how to get funds from chain A to chain B
So just as SaaS is a multi-hundred billion dollar industry
BaaS will be as well and none are better prepared to capture that market than @MultiversX
Imagine the potential! 🤯
With the top 10 SaaS companies all having market caps over $40 billion
BaaS can easily match that if not eclipse it and that is just one use case
Blockchains such as #MultiversX will serve dozens or use cases with BaaS being just one of them
Most blockchains offer 1 singular use case too and that is for applications to build on them
Leaving a massive open market for chains that have solutions for custom web3 experiences
Because of this it is entirely feasible for #MultiversX to see a $100bill plus MC by 2030
That is being conservative too 😉
Either way, I imagine BaaS is something you will hear MUCH more about in the coming years
Don’t be surprised when you see #MultiversX as one of the top providers in this sectors
2024 is the year of MultiversX ⚡️
DBCrypto
@DBCrypt0
Educate. Grow. Connect. Co-host of @xSpac3s Video/content creator - DM for info. HeroTag: DBCrypto - MvXLibrary.com
